- 9 OCT 2018
The Important Role of Life Insurance in Your Life
Do you know about the significant role life insurance plays in your life? Yes, it does play a very significant role for your entire family.
Life insurance touches every close relationship in your life. Your financial worries whether it is for your children or your parents or even your own, life insurance has the solution to cater to all your worries.
“You don’t need to pray to God any more when there are storms in the sky, but you do have to be insured.” Bertolt Brecht
Here we go and explore how life insurance plays a significant role in your life, maybe without your knowledge.
You can protect your children’s education with Life insurance investments. You can secure your children’s future with a suitable policy which covers the death of an earning member.
Our Wealth Plus ULIP plan has a rising star option, especially cater to the child’s needs.
Our Edu Save Policy is designed to cater to educational or marriage need of your children.
Your life insurance can play a crucial role in your children’s life.
This is significant. The initial objective of the life insurance companies was to support the spouse of an earning member in the event of the death of an earning member.
The earning member usually was a male member until a few years ago. The female spouse would get financial support in the form of a policy sum assured amount. This lump sum amount would come handy for her survival.
Even today, for a non earning female spouse, life insurance is a major source of support post the death of her husband.
Our new plan Zindagi Plus is designed to cater to this need. This unique plan offers better half benefit. The policy continues even after the death of the bread earner male. The policy continues with 50% of the base policy value and all the future premiums are waived.
Handpicked related post: Why does your spouse need to know life insurance claim process?
Your dependent parents are your responsibility. To protect their reasonable lifestyle, having a policy which makes them the beneficiary is another social responsibility of an earning member.
This is more so when the young deaths due to the lifestyle diseases are on the rise. On the other hand, there is an increase in the average life span of people on the whole.
Life insurance policy favouring parents are important need of the family.
Life insurance policy is a vital source of your retirement corpus. These policies are long-term in nature. The funds accumulated in the policies are available to you when you need the most i.e. when your earning stops post the retirement.
Whether it is a regular life insurance policy maturity benefit corpus or an investment in an annuity plan for regular monthly income, both are useful retirement tools.
Life insurance companies also offer plans which not only manage your risks, but also built wealth for you.
ULIP kinds of products come with two in one benefits. It offers death benefits and also generates wealth for you. Edelweiss Tokio’s Wealth Plus Plan has 5 different funds to select from to suit your risk appetite and return expectations.
Handpicked related post: Why is Edelweiss Tokio ULIP is Unique?
“Life is 10% what happens to you and 90% how you react to it” Charles R. Swindoll
Be ready with your proactive response to deal with anything happens in your life.
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